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Thomson Reuters
Feb 05 - 03:48 PM
EUR/USD - Heavy Again As Bear Risks Build
First appeared on eFXplus on Feb 05 - 01:30 PM
  • Weak IT & FR services PMI reinforce view EZ growth is slowing or contracting
  • Euribor futures push back expectations for first ECB hike further
  • Italy announces issue of new 30yr bond, DE-IT spreads widen on the news
  • EUR/USD nears 1.1390/00 zone, daily cloud top, 55-DMA & Jan 28 low sit there
  • Break of that zone likely accelerates recent slide, 1.1290/00 then targeted
  • EUR/USD bears gain confidence on EZ concerns nL1N2000T9
  • Trump's SOTU due, trade rhetoric could impact EUR/USD during Asia

chart: Click here

Source:
Thomson Reuters IFR Markets

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